Reading Time: < 1 minute Air Canada and Transat A.T. have concluded a definitive Arrangement Agreement that provides for Air Canada’s acquisition of all issued and outstanding shares of Transat and its combination with Air Canada.  Under the terms of the binding agreement, unanimously approved by the Board of Directors of Transat, Air Canada will acquire all outstanding shares of […]

Reading Time: < 1 minute Rising fuel prices and issues with global trade are greatly weakening the business environment for airlines, IATA announced. According to forecast, “in 2019 overall costs are expected to grow by 7.4%, outpacing a 6.5% rise in revenues. As a result, net margins are expected to be squeezed to 3.2% (from 3.7% in 2018)”. “Margins are […]